But Ssangyong Washington Wizards officials insisted SAIC

But Ssangyong discloses washington wizards officials insisted wizards tells SAIC would continue to playits role as the top shareholder and help Ssangyong revive. After the market closed on Friday, SAIC, China's biggest carmaker, said in a statement it would work with all parties to tryto normalise operations at Ssangyong. SAIC paid $500 million for49 percent of the South Korean firm in 2004 Wizards Verizon Center tickets - nba Wizards Verizon Center tickets . The stake was estimated to be worth 1 Wizards Verizon Center tickets .85 billion yuan ($271million) at end-November under Chinese accounting standards, andthe financial impact of Ssangyong's receivership on SAIC is nowbeing evaluated, the Chinese company said Wizards Verizon Center tickets - washingtonwizards .

WORSENING ENVIRONMENT Ssangyong, like other carmakers worldwide, has cutproduction to cope with the worsening environment washington post wizards . But it has been hit harder by the crisis than its peers,with its December sales down 53 percent compared with a 13percent fall in the combined sales of the country's five automakers basketball . The maker of the Rexton sport utility vehicle (SUV) hadfeared liquidation after posting its fourth consecutivequarterly net loss wizards schedule . SAIC may seek to buy other car makers or brands instead ofinjecting more money into Ssangyong, some analysts said, as therecent industry downturn has forced major players such as theU nba.com - wizards .S big three to sell their assets basketball ticket washington wizard . "There are better brands in the market now, which arewaiting for new owners at attractive prices," said KangSang-min, an analyst at Tong Yang Securities. Ford Motor Co (F Wizards Verizon Center .N) has put Volvo up for sale, while GeneralMotors Corp GM.N and Chrysler LLC are straining to survive adeep slowdown in U.S car demand. Like other automakers worldwide, Ssangyong turned to thegovernment and banks for help, but failed to drum up sufficientsupport.

"Ssangyong decided to file for court receivership to dealwith an urgent liquidity crisis and to transform itself into acompany with sustainable growth," it said in a statement obama washington wizards . The head of state-run Korea Development Bank (KDB),Ssangyong's lead creditor, said on Monday it was prepared tohelp South Korea's No.5 auto maker but only if it received freshsupport from SAIC wizards basketball . The KDB declined to comment after Ssangyong's announcement,saying the matter was now in the hands of the court and theMinistry of Knowledge Economy, which is in charge of thecountry's auto industry, had no official comment wizard basketball ticket . SAIC injected $45 million into Ssangyong at the end ofDecember, according to the South Korean company washingtonwizards .

In addition to court receivership, Ssangyong plans to takemore measures such as cutting wages by up to 30 percent andaccepting early retirement applications to revive its business Ssangyong shares were suspended at 0215 GMT at 1,325 won wizards washington schedule . (Additional reporting by Rhee So-eui, and Fang Yan in Shanghai;Editing by Jonathan Hopfner and Dan Lalor) Stocks Mergers & Acquisitions China etan thomas . SRINAGAR, India, Jan 9 (Reuters) - A fierce gunbattle between government forces and Muslim militants holed up in icy Himalayan caves for nine days in Indian Kashmir has ended after about a dozen rebels escaped, the army said on Friday wizards michael . They said soldiers had begun mop up operations in the rugged mountains of Poonch near the Line of Control, a military control line that divides disputed Kashmir between India and Pakistan wizards watch Wizards Verizon Center - nba . The gunbattle, the longest in recent years in the disputed region, began on Dec 31 after a security patrol was fired upon.

"The operations concluded in the afternoon of January 8," Colonel D K Kachari, an army spokesman, said in a statement . "Possibility of terrorists having slipped out taking advantage of the rugged terrain and prevailing climatic conditions cannot be ruled out." The army had said three soldiers and four militants were killed in the firefight wizard basketball tickets . Overall violence has fallen significantly across Kashmir since India and Pakistan began slow-moving peace talks in 2004 wizards season tickets . But New Delhi paused that dialogue after the November Mumbai attacks, which it blames on Pakistan-based militants . The nuclear-armed neighbours, who have fought two of their three wars since 1947 over Kashmir, claim the region in full but rule it in part.(Reporting by Sheikh Mushtaq; Editing by Bappa Majumdar). The Montreal Canadiens have reached the quarter of the season.

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